God of stocks chapter 400

Chapter 400 Upside Down Rate Decisions (2)

Hee-yeol Kim said, rubbing his eyes several times over what had happened that he did not expect to happen.

“Now I know what it means to say that I can’t believe it even when I see it. I don’t know the contact information of the President of the Korean Bank and the people of the Ministry of Finance, but I want to express my gratitude. No, how did you decide to raise the interest rate right now? Did everyone use it for anything? Incredible.”

The market began to fluctuate with a sudden rate hike.

The index, which had been held by the consolidation, began to change direction toward a decline. In an instant, the index fell by 20 points and dropped to 1,560 points, but it was said that the reason for the interest rate hike may be valid, and the figure was recovering.

And the reason for the interest rate hike of the BOK was announced.

“So, in the second half of the year, there is a plan for an increase in utility rates, so we preemptively raised the interest rate in the judgment that inflation could continue? Is this sane? When inflation rises, it is okay to raise interest rates. What is the preemptive response? Even if you saw that you respond preemptively to Inha, who do you think is responding to the impression proactively?”

“Amid growing concerns about an economic slowdown, it may be difficult to raise interest rates in the future. Can I believe this? No matter how much I look at, it’s not because of my feelings that the low-level labor-management minimum wage negotiations are glaring.”

“What the hell is in my head? I want to go in and open it. Isn’t it crazy? If the economy slows down, who does the idea of ​​lowering the interest rate or raising it first because I don’t think I can raise it? CEO. Do you understand this? Isn’t that the only thing I don’t understand?”

Hee-yeol Kim was absurd when he saw the explanation on the background of the BOK governor’s rate hike. And the market also responded not significantly different from that of Kim Hee-yeol.

The economy-related media, which showed favorable appearances to the government, were pulling out articles rebuking the government at once, and the experts of stock broadcasting continued to talk that they could not understand with a gloomy expression.

It was different from the usual rate hike. The shock the market received was more than expected because it was an interest rate hike from a position that no one had ever imagined.

Today’s decision had a huge impact on the market, so no one knows that today’s rate decision will play a big role in shaping the stock market in the future.

It was not that oil prices showed an explosive rise like when Europe raised interest rates. And a few days ago, the U.S. decided to freeze the interest rate, paying close attention to the unemployment rate, and commenting that it could preemptively cut the interest rate in the event of anomalies in the future.

However, while oil prices were stabilizing, Korea predicted an economic slowdown and raised interest rates. In addition, the reason for the interest rate hike was also mentioning the plan to increase the utility rate in the second half of the year.

Rather, it was more persuasive to say that an interest rate hike was raised to curb a wage increase that was made while talking about an interest rate increase.

Of course, I knew why I couldn’t use it. The majority of the people are in a society where wages are set based on the minimum wage, and suppressing the minimum wage is the same as trying to pretend to be with the people.

The market seemed to be directly shocked by this. In particular, the construction owners showed a big bump in the shock.

While large construction companies showed a drop of 2 to 3%, small and medium-sized construction companies averaged more than 5%. The rise in interest rates and delinquency rates at construction companies was the reason for the decline.

“It’s good for us. Let’s keep the atmosphere by watching the market more closely. Now that I have a grievance, I think I can relax.”

Lee Sang-hoon entered the office with a slightly reminiscent appearance.

Because of the unexpected results, I felt like a child who received a gift for Christmas.

“Is an interest rate increase… … . I want to give you a kiss on who decided.”

In terms of Korea’s economy, it was so unreasonable that there was no bigger handshake than this, but from Lee Sang-hoon’s point of view, the result was that a better situation could not be produced.

An important decision was made in an important position, and it was a decision that was expected to bring great benefit to Lee Sang-hoon.

Follow me.

When the recalled face had not yet subsided, a phone call came to Lee Sang-hoon.

The number on the mobile phone was the number of Director Cho, MMK after a long absence.

Lee Sang-hoon pressed the call button and happily answered the phone.

“Director Joe. How were you? Why did you call everyone like this?”

“Somehow. Did you see the announcement a while ago? Interest rate increase. Heh heh. I saw that and laughed for a while, so I just called. Congratulations. It seems like the market is moving for this brother.”

“Yeah. Thank you. I also looked at it and said it was very good. I feel like someone is looking at my position and working to help me.”

“It seems that heaven is helping this older brother. No, I don’t understand how the interest rate was raised at this point.”

“Did Director Joe hear anything?”

I thought that if anyone else didn’t know it, Jo Young-jin might have heard of this. I thought there would be no way he couldn’t be able to catch this content if he had an information line.

“I was also missing out because I was busy with other things these days. Well, I got a report in the middle, but I wasn’t sure. Who would have imagined it? Raising interest rates at this point means that the liver has come out of the boat.”

“I think so too. I don’t know what kind of confidence I raised the interest rate on the spot right now. I’d rather do it earlier or not at all, just mention it to the market and give it a warning.”

“I must have been in a hurry. I would have been in a hurry. That’s why I shake hands.”

Lee Sang-hoon was curious at the voice as if Jo Young-jin knew something. It is because I wanted to know the reason why they are raising interest rates so quickly.

“You were in a hurry? What were you so urgent about?”

“Now Lehman is negotiating a CDO with Blackrock.”

“Negotiation? What do you mean by negotiating a CDO?”

“It insisted that we couldn’t hold Lehman like this. Well, it wasn’t my own idea, it was the idea of ​​most places to join the consortium. The Korea Development Bank is trying to get things going strong, but isn’t this a makeover deal? I don’t sleep even if I hug after a little bit of insolvent, but Lehman is in the process of negotiating to hand over the CDO to Black Rock.”

Eventually, it was Lehman again. The main reason for the rate hike may not have been Lehman, but in the end, I thought that Lehman’s takeover could have had some effect on the handshake.

Of course, preventing the increase in the minimum wage and raising the utility rate is the main reason, but it could be seen as a reasonable doubt that holding the exchange rate through an interest rate hike would help in the future acquisition of Lehman.

“Is it impossible to stop the acquisition of Lehman in the end?”

“As Lee hyung said, insolvency continues to be revealed, but this is not even capable of reversing the situation. Of course, if it is released, it will be able to stir up a lot of thought. However, since we already know that, the Ministry of Finance’s Public Affairs Office has also been attached and guidelines on how to speak to the media have been made. I can’t help it.”

Lee Sang-hoon sighed and turned his head for a moment to look at the exchange rate chart.

It was an unexpected increase in interest rates, so I looked at it with the thought that the exchange rate would not respond. However, it had no effect on the exchange rate at all.

“Wait. Director Joe. What is the target exchange rate you set for the acquisition of Lehman?”

“The target? I don’t really set the target, but I’m calculating it at 1,000 won per dollar.”

“1,000 won for a dollar? What if it reaches 1,050 won?”

“1,050 won? It’s a burden because the price has increased by 5% than expected, but that won’t make the deal wrong. 5% is within the expected range.”

“Ok? So what if it becomes 1,100 won? What if that happens?”

“1,100 won? If that happens, 10% of the estimated price has risen, so you have to recalculate from then on. And if that happens, you won’t be able to think of buying an overseas company with dollars because the price to Lehman is not a problem, but you have to worry about exporting foreign currency. But why are you asking that?”

Lee Sang-hoon kept watching the exchange rate while talking.

The stock market continued to step back and approached the 1,550 line closely. The fact that such fluctuations on the expiration date with a drop of close to -2% showed that the market was completely unexpected.

“Director. Exchange rates do not move. I think that this rate hike card could have a negative impact on the market.”

“It’s a bad effect, of course. It is a policy that cannot be implemented without increasing interest rates at this point. But it also affects the exchange rate? It won’t. Doesn’t that mean the exchange rate has been set?”

“no. It seems not. It seems that the exchange rate is not stabilizing the exchange rate due to the rate hike, but the market fluctuations at the decision to raise the rate. Let’s take a little more time. You said you were negotiating CDO with Blackrock?”

“Yeah. It is still in progress. Lehman is in negotiations to hand over the CDO to Black Rock, as we have told us that we will accept it if we give it to Black Rock.”

“Anyway, Black Rock will not be able to receive all of the stock, so there will be some remaining stock. Grab it as a pod and take more time. I think the exchange rate might help.”

“The exchange rate? Are you talking about rising? I have even raised the interest rate now, but is it rising?”

“I’m not sure, but it seems likely. It is natural to be swayed by unexpected announcements, but it seems that there is no willingness to move down the line. Let’s watch a little more.”

“Okay. Then let’s do that. I feel like grabbing a straw anyway.”

Lee Sang-hoon hung up the phone and fixed his gaze on the screen.

As for the expiration, the index ended with a buying trend to prevent the last-minute decline, keeping the 1,560 line. However, the market was still in a tumultuous mood with a sudden rate hike.

***

The United States has begun to increase volatility.

A year ago, the Dow Index, which did not show more than 1% volatility several times a month, started to show 2% volatility as the day is far away.

While reports of loss in quarterly earnings spread to insurance company AIG, the sluggish performance of retailers such as Wal-Mart adversely affected the index.

In addition, in the case of the number of weekly new unemployment claims released every week, each time it was announced, it showed the worst results and began to crush the market.

If there is a big drop through such bad news, the next day, it will come out with the good news of a fall in oil prices and show a figure of making up for the entire decline.

Oil prices continued to decline even in the midst of bad news such as the closure of oil pipelines in Turkey and the war between Russia and Georgia, falling to the early $110 level.

Now, it seemed that any bad news on oil prices would not be able to overturn the prospect of a decline in demand for crude oil caused by the US recession. The market was in an atmosphere of taking for granted that the price of crude oil was going down.

In this situation, the ECB was forced to freeze interest rates.

In a situation where inflation concerns disappear, the ECB could not find a justification for raising interest rates, and the economic recession was suspected. Gave a signal.

As the world is holding the point of a rate cut amidst rate freezes, only Korea has made a rate hike.

“My heart is very scared.”

Hee-yeol Kim was sweeping her heart while looking at Jisoo in the office with Lee Sang-hoon.

Every time the US surged, he was shaking hands at the appearance of Kospi, who seemed to try to break through 1,600 by opening a gap of more than 1%.

Compared to Kim Hee-yeol, Lee Sang-hoon was more comfortable.

“I can never penetrate 1,600.”

“Are you sure?”

“Not sure. Look Only Korea has raised interest rates, and the shock has not yet come out. Although the interest rate was raised, the exchange rate continued to rise and is now exceeding 1,030 won. The world is now suspicious of the economic downturn, but if you raise interest rates because only Korea is crazy, you have to pay for it. I can’t just go by like this.”

“But what about opening the gap as if it would break through 1,600 every time? As soon as I go to work in the morning, I get scared every time while watching the plasterer reaction. The next day after plastering has risen by more than 2%, Korea is also going to surpass 1,600.”

The price point at which SH Partners entered the loan transaction was in the early 1,600 range, slightly exceeding 1,600. Since it was a loan transaction that maximized leverage by paying and receiving margins to the National Pension Service and Dongseo Securities, loss was likely to increase rapidly if the entry price was exceeded.

So Kim Hee-yeol was trembling with anxiety like this. It was a profit and loss board with a red light still on, but I didn’t know when and how it would turn blue.

“Don’t be anxious. What if you’re anxious? Look here Everyone is anxious because you are anxious.”

“You are weird. I constantly felt you were crazy, but now I am convinced that you are really crazy. How can I not shake my seat right now?”

Hee-yeol Kim looked at Lee Sang-hoon with his tongue out.

korean novel God of stocks chapter 400

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